Sold
67B Newcastle Road, Northam WA 6401
Sold price: $110,000
Sold: 02 Mar 2021
Sold
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2 Bedrooms
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1 Bathroom
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1 Car
Unit
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What’s A Good ROI ?
What would you say is a good return on investment for a country WA residential property; 4, 5, 6% ? This strata unit is let for $240 per week. That’s a gross return of almost 10% on its asking price of $125,000.
Not a bad yield for a 1980 brick and tile unit with long lounge/meals, kitchen with gas stove and air conditioner, passage with 2 linen-press storage cupboards, main and minor bedrooms, bathroom with toilet, laundry with another storage cupboard.
The back door from the laundry exits to the back yard which is part of the Lot, that is, not Common Property, and off the driveway is a carport.
Just around the corner is the Northam Hospital which recently benefitted from a $45M upgrade to its health and emergency service. Close by is the Lawn Bowls Club, Senior High School, primary school and TAFE.
740m down Newcastle Road is Apex Park opposite the banks of the Avon River with its barbecue facilities and kids’ play equipment. Just hop over the Avon Bridge and you’re in the town’s main street and shopping area.
The unit has been let to the same lovely tenant since August 2014, currently paying $240 per week
Not bad for $125,000 eh!!
Property features
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Carports
1
Property snapshot by reiwa.com
This property at 67B Newcastle Road, Northam is a two bedroom, one bathroom unit sold by Steve Hill and Lara Turnbull at Hollett & Lawrance First National Real Estate on 02 Mar 2021.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Northam or see other recently sold properties in Northam.
Nearby schools
Northam overview
Are you interested in buying, renting or investing in Northam? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.
To provide an understanding of the kind of lifestyle Northam offers, we've collated all the relevant market information, key facts, demographics and statistics to help you make a confident and informed decision.
Our interactive map allows you to delve deeper into this suburb and locate points of interest like transport, schools and amenities.
Northam quick stats
High end
$457k
Median
$355k
Low end
$284k
14.5 %
Annual growth
$355k
Annual median sales price
$470pw
Annual median rental price
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